If you had observed it probably. . Huge amount been collected since morning.. for me is a good sign cz contra player already our.. and most of the counter today in red.. up to last quarter financial report, basic earning is 0.43.. singapore post will not simply invest on any company. . For ne is a super potential counter.. holding power will be the final winner.. cheers
u all daring loh......i hv made enough.....abt 38 pct.......price naik almost 50 pct alreadi.....bal money u all earn lah.....i hv no more share to sell already...start moving to censof n zelan...good luck to all of you...
tq very much. I will monitor this counter but if can get 28 sen very good price. The problem now is overall market sentimen is not good. Thank TraderR88.
In July 2014 it had acquired a new subsidiary Livingston Education Sdn Bhd for rm2.00, for the purpose of entering into the education business.
Lvingston is currently a dormant company but its intended principal activity is to carry on the activities of a private school.
Its net assets per share stood at rm0.17.
To recap in 2011 Singapore Post Ltd is buying into Efficient E-Solutions as part of its plan to pursue growth beyond its snail mail business and to expand beyond Singapore’s shores.
Singapore Post Enterprise Pte Ltd subscribed to 50 million Efficient shares in a private placement for some rm9.75 million or rm0.195 per share. The share acquisition raised SingPost’s stake in Efficient to 71.24 million shares or 10.06% equity at that time from 21.24 million shares previously which SingPost previously bought on the open market.
Temask Holdings Pte Ltd holds a 26.01% stake in SingPost. As at 04 Sept 2013 Temasek Holdings (Private) Limited is holding 147,529,100 shares in Efficient.
It is understood that the deal is part of SingPost’s plans to make strategic investments to diversify its businesses portfolio in the region to reduce its dependency on the snail mail business.
Prior to this purchase, it has bought into GDEX.
Efficient is involved in the outsourcing billing and document processing jobs from the banks in Malaysia. Its MD Cheah Chee Kong is the largest shareholder holding 17.85% stake as at 2011, followed by Cheah Swee Sin Sdn Bhd 16.13% stake and Beaufort Intl Equities Inc 10.92%.
Holding an equity stake in Efficient would enable the postal group to tap onto the former’s data and document processing and electronic bill presentment and payment capabilities to explore the banking sector in Indonesia.
Besides the news share placement, SingPost had also entered into a non binding MOU with Efficient concerning the proposed collaboration between the two companies in DDP business in Indonesia and other countries.
Under the MOU, it is contemplated that Efficient and SingPost will jointly invest in setting up of DDP business operations in Indonesia. In addition, both companies will jointly identify business opportunities relating to data and document management in other countries as may be mutually agreed in writing between parties.
SingPost and Efficient also may mutually agree to engage in discussions and negotiations with other potential investors or business partners in relation to the collaboration.
SingPost has been building up its business in the Asia Pacific via a number of acquisitions including buying equity stakes in cross border mail and logistics firm.
Indeed it is learnt that SingPost had initially wanted to take over GDEX which is the former’s rival but its major shareholder were reluctant to sell.
GDEX is competing with SingPost in the courier business in Singapore during that time.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DRYEW
255 posts
Posted by DRYEW > 2014-09-03 15:30 | Report Abuse
prepare to take off..